Fed Chair Goolsbee: We Want to Be Careful on the Employment Side of It

• I don’t like to tie our hands at any meeting, but the Fed’s money minus inflation rate is at its highest level in decades.
• Inflation is on its way to 2%
• We are at our most consistent this cycle, even though we stopped hiking last July.
• Fed Forecast Shows Broad Support for Rate Cuts
• It is difficult to put a specific number on where neutrality lies.
• By almost every measure, the labor market was slowing.
• The market doesn’t think we’re going to get stuck at 3% or 2.5%.

There’s not much new here from Goolsbee, but he certainly supported the spirit of Powell’s speech.

This article was written by Adam Bouton on www.forexlive.com.